Raymond F Kravis Center for the Performing Arts Inc
701 Okeechobee Blvd, West Palm Bch, FL · IRS data through FY2025
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2025 | $54,649,284 | $46,920,789 | $151,631,122 |
| FY2024 | $45,433,745 | $45,977,658 | $146,662,748 |
| FY2023 | $40,505,263 | $40,806,709 | $138,198,697 |
| FY2022 | $38,946,288 | $32,519,453 | $131,812,436 |
| FY2021 | $14,432,246 | $19,904,010 | $142,080,445 |
| FY2020 | $42,975,938 | $36,530,954 | $129,240,818 |
| FY2019 | $45,467,826 | $34,728,060 | $124,104,914 |
| FY2018 | $39,882,734 | $31,126,518 | $115,271,555 |
| FY2017 | $31,756,963 | $31,969,350 | $104,523,086 |
| FY2016 | $24,304,633 | $28,601,749 | $97,670,013 |
| FY2015 | $29,470,984 | $27,988,748 | $105,938,134 |
| FY2014 | $35,566,977 | $28,431,460 | $108,049,515 |
| FY2013 | $30,798,833 | $27,557,667 | $96,414,983 |
| FY2012 | $24,335,523 | $25,137,161 | $92,283,241 |
Form 990 filings
The returns filed by Raymond F Kravis Center for the Performing Arts Inc (EIN 59-2245054), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $11,161,546 | 20% |
| Program service revenue | $30,625,337 | 56% |
| Other revenue | $12,862,401 | 24% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $37,795,390 | 81% |
| Management & general | $7,347,330 | 16% |
| Fundraising | $1,778,069 | 4% |
What the numbers show
- Program service revenue made up 56% of total revenue in FY2025.
- Program services accounted for 81% of functional expenses, management & general 16%, and fundraising 4%.
- 81% of functional expenses went to program services in FY2025. That is higher than 59.5% of 42 Arts, Culture & Humanities organizations in FL.
- Net assets covered about 38.8 months of expenses at the end of the reporting year. That puts it in the 77th percentile among 1557 Arts, Culture & Humanities organizations in FL.
- Total revenue was higher than 99.9% of 1605 Arts, Culture & Humanities organizations in FL.
- Total revenue rose from $24,335,523 in FY2012 to $54,649,284 in FY2025. Revenue increased in 9 and decreased in 4 of 13 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 14 reported years (FY2012, FY2016, FY2017, FY2021, FY2023, FY2024).
- Net assets grew from $92,283,241 to $151,631,122 between FY2012 and FY2025.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
PRESENT A DIVERSE SCHEDULE OF PERFORMING ARTISTS, FOSTER ARTS EDUCATION, AND SUPPORT TOURISM.
IRS status
| Ruling year | 1983 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | A610 — Arts, Culture & Humanities |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
Similar organizations
- Adrienne Arsht Center Trust Inc — Miami, FL · $47,809,431
- Artis-Naples Inc — Naples, FL · $41,970,006
- Florida West Coast Symphony Inc — Sarasota, FL · $41,951,923
- Dr Phillips Center for the Performing Arts Inc — Orlando, FL · $70,604,396
- Jorge M Perez Art Museum of Miami Dade County Inc — Miami, FL · $38,351,055
- Norton Museum of Art Inc — West Palm Bch, FL · $36,326,460
- Phillip and Patricia Frost Museum of Science Inc — Miami, FL · $22,372,362
Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
Think something here is wrong or should be removed? Use the contact form — we act on removal requests within 30 days.